Elon Musk’s Tesla U-turn on Bitcoin over environmental fears wipes $365bm from crypto market value

Bitcoin’s value was still down 8.85% percent over the 24 hour period since Elon Musk‘s shock announcement that Tesla will no longer accept Bitcoin as a form of payment due to environmental factors.   Musk’s announcement on Wednesday evening initially caused a huge 17 percent drop in the price of the world’s largest cryptocurrency, but it recovered … Read more

US consumer prices rose 4.2% in April – fastest since 2008 crash – as economy recovers from COVID

Inflation has set in across America and is on the up, with consumer prices rising by 4.2 percent since April last year, the highest since the months preceding the 2008 global crash, as the economy dives into recovery mode after a COVID-19 catastrophe.  The Consumer Price Index – which surveys the prices of every day … Read more

FCA says new young investors are taking on big risks like cryptocurrencies and foreign exchanges

New young investors take on big risks by putting their money into cryptocurrencies and foreign exchange, regulator finds The Financial Conduct Authority said young investors use social media for tips Thrills, social status and gut instinct are motivating their investing decisions The regulator commissioned research looking into ‘self-directed’ investors By Jack Newman For Mailonline Published: … Read more

Warren Buffett’s wealth jumps to $100BN as he joins ‘mega rich’ billionaire’s club

Warren Buffett has become the sixth richest man in the world after his net worth soared by almost $24 billion in under five months.  The owner of the multinational conglomerate Berkshire Hathaway now joins an elite club of men worth $100billion or more, that includes Jeff Bezos, Elon Mask, Bill Gates, Bernard Arnault, and Mark Zuckerberg.  … Read more

Post-Brexit trade: US drops tariffs on whisky, cashmere and Stilton imports from UK

US drops tariffs on whisky, cashmere and Stilton as trade deal with Britain inches closer – two months after Liz Truss axed fees on American imports US said millions worth of tariffs on Scotch and other goods would be suspended Cashmere and cheese are also set to benefit from the American relaxation Comes a month … Read more

Pratt and Whitney’s parent company shares plunge after engines fail

The company behind engine-maker Pratt & Whitney saw its share price slump in pre-market trading today after one of the firm’s engines exploded and rained down debris over Denver while another suffered a similar failure in the Netherlands.  Shares in Raytheon, the parent company of Pratt & Whitney, had suffered a 2.77 per cent drop … Read more

YouTuber who drove up Gamestop price via Reddit is Boston dad

The Reddit poster and YouTube streamer who caused a Wall Street crisis by driving up the price of GameStop – and boasted about his $47 million gains – is a suburban financial adviser who nicknames himself Mr. Wizard, DailyMail.com can reveal. Keith Gill, 34, is the man behind the Roaring Kitty YouTube streams and the … Read more

Aerion starts work on Florida HQ where it will build 1,000mph jet

The arrival of a new era of commercial supersonic travel is approaching, with a firm behind a 1,000mph business jet having broken ground on a state-of-the-art global HQ where the aircraft will be built, tested, customized and ultimately launched for service from in 2027. Aerion Park in Melbourne, Florida, will produce 300 of the jets … Read more

Twitter stock falls 10% as it fears MAGA attacks after Trump ban

Twitter saw its shares drop by 12 per cent Monday after days after banning Donald Trump and purging his supporters.    The tech giant lost $5 billion on the first day of trading after it permanently suspended the president citing a ‘risk of further incitement of violence’ in the wake of the storming of the U.S. Capitol by … Read more